Gold rising as expected / #2,942.80 Resistance ahead

As discussed throughout my Friday's session commentary: "My position: As I advised many times throughout my remarks, keep Buying every dip. My #2,922.80 entry point Buying order is up and running as instructed throughout yesterday's session however I will ideally close my order within #2,942.80 - #2,952.80 hard Resistance zone. If however Profit taking happens within that zone, I do believe Gold may deliver serious correction of #40 - #60 points. If however #2,952.80 benchmark gets invalidated and market closes above, expect #3,000.80 benchmark test early next week. Trade accordingly."


Quick update: Serious correction was delivered and #2,882.80 local Low's in extension was tested. I will attempt Sell on #2,900.80 benchmark Targeting #2,882.80 local Low's once again however if #2,905.80 - #2,912.80 gets invalidated, expect #2,942.80 local High's to be met.